ED seizes ₹3 crore in 18 searches; Jarkiholi denies wrongdoing
State PWD minister Satish Jarkiholi said on Thursday that cash seized by the Enforcement Directorate (ED) belonged to his family and that he would produce records to explain its source, as searches spanning nearly 37 hours at 18 properties linked to him and his associates ended
The Enforcement Directorate (ED) conducted 18 searches across Bengaluru, Belagavi, and Goa, seizing more than ₹3 crore in cash and documents related to overseas investments by Satish Jarkiholi and his associates. Jarkiholi, the State PWD minister, claimed the seized cash belonged to his family and that they possess the account records.
He denied any wrongdoing, stating he had answered all questions posed by the ED officials and that the seized documents would be explained to them during the investigation. Jarkiholi questioned why the ED opted for searches instead of issuing a notice first, suggesting there might be a political reason behind the operation. He also clarified that these were searches and not raids, and expressed his intention to seek the release of the seized cash through legal means.
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